Iowa Ag Review


The USDA preliminary estimates for 1994/1995 world soybean production are currently set at 127.75 mmt, or about 10 percent above the 1993/94 level. This increase is due primarily to a bumper crop in the United States, estimated as of August to be 62.12 mmt for the 1994/1995 crop year, which is a 26 percent increase over the 1993/1994 crop.